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Hampshire House

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Address: 6001 Park Heights Ave, Baltimore, MD 21215, USA

Washington DC + Apartment Buildings

Created date: September 20, 2024

Date last updated: September 20, 2024

Mid-Rise Asset with Value Add Potential in Upper Park Heights
• Features a mix of (4) Studios, (8) 1 Br-1 Ba, (15) 2 Br-2 Ba, and (1) leasing office
• Property amenities include a surface parking lot, balconies for some units, three garages, and on-site laundry facility
• Typical unit features consist of white/black appliances, formica countertops, wood cabinets, and carpet/laminate/tile flooring
Significant Potential to Increase Rents Via Renovation Program
• Opportunity exists for a new owner to renovate all of the units, with a suggested scope of black/stainless steel appliances, granite countertops, updated bathrooms, plank flooring throughout, and modern hardware/fixtures
• Comparable properties nearby are achieving rents at least $200 higher on average than the Subject property
• Other value add opportunities include bringing the leasing office online as a rentable unit and converting the garages to either an amenity space or additional units
Excellent Location in NW Baltimore
• Easy access to I-695; multiple public transportation options nearby such as bus stops and the Reisterstown Plaza metro station
• Major area employers nearby: Sinai Hospital, Social Security Administration
• Major area colleges nearby: Stevenson University, Towson University, Loyola Blakefield, Goucher College

Property Description

6001 Park Heights Ave. Baltimore, MD 21215Harbor Stone Advisors and Alex Cooper Auctioneers are pleased to present Hampshire House Apartments, a mid-rise asset with value add potential located in Upper Park Heights. Hampshire House Apartments features a mix of (4) Studios, (8) 1 Br-1 Ba, (15) 2 Br-2 Ba, and (1) leasing office. Property amenities include a surface parking lot, balconies for some units, three garages, and on-site laundry facility. Typical unit features consist of white/black appliances, formica countertops, wood cabinets, and carpet/laminate/tile flooring. Current ownership has also replaced the elevator.The opportunity exists for a new owner to renovate all of the units at Hampshire House, with a suggested scope of black/stainless steel appliances, granite countertops, updated bathrooms, plank flooring throughout, and modern hardware/fixtures. Comparable properties nearby are achieving rents at least $200 higher than the Subject property. A new owner can also bring the leasing office online as a rentable unit and convert the garages to either an amenity space or additional units.

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Key Property Information

Listing Status:	Unavailable
Listing Type:	Call for offers
Property Types:	Apartment Buildings
No. of Units:	28
Lot Size:	0.66 Sq ft
Opportunity Zone:	No
Property Website	Click Here